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Its operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter ended June 30 from 12.57 trillion won a year earlier, higher than the company's own estimate of 14 trillion won
The US company said it expects third-quarter revenue to fall between $26 billion and $28.5 billion, a second successive year-over-year decline
The "Chips and Science" act provides about $52 billion in subsidies for US semiconductor production and an investment tax credit for chip plants estimated at $24 billion
The Consumer Financial Protection Bureau said it is worried about real-time payments as more digital assets exchanges and lenders fall foul of regulations
Server chips had been the only remaining bright spot in memory chip demand that drove SK Hynix to report a 56% jump in operating profit
The bill provides about $52 billion in subsidies for US semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion
South Korean conglomerate has already committed $7bn to build two new gigafactories in Tennessee and Kentucky in joint venture with Ford
Seven executives of Ant have left the Alibaba Partnership, the body that elects the e-commerce giant's board, following a demand by regulators that the two tech giants be 'decoupled'
Thailand's Securities and Exchange Commission has asked Zipmex users to submit information via an online forum on how they were affected by problems at the crypto exchange platform
Intel didn’t give financial details but said the first products would be manufactured in the next 18- to 24-month period
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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